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Paras Defence Shares Surge 20% on Dividend and Stock Split Expectations

Paras Defence shares surge 20% in two days amid dividend and stock split expectations.

Defence stock: Shares of Paras Defence and Space Technologies Limited, a company in the defence sector, have witnessed a significant rally. The company's stock has climbed nearly 20% in the last two trading sessions. On Tuesday, the share price reached ₹1245 on the BSE, marking a 9% increase.

Key Reasons for the Surge

The company has informed the exchange that a board meeting will be held on April 30, 2025, to discuss two significant proposals:

  1. Sub-division of equity shares, or stock split
  2. Recommendation of dividend for the fiscal year 2024-25

This anticipation has led to significant investor interest in the market.

First Dividend on the Horizon

The company's shares were listed at an issue price of ₹175 in October 2021. The share price has since increased by more than 552%. If a dividend is declared, it will be the company's first.

Share Performance and Statistics

  • 52-week high: ₹1,592
  • 52-week low: ₹681.95
  • One-month return: Approximately 30%
  • Six-month return: 29.54%
  • One-year return: 70.69%
  • Two-year return: 130.15%
  • Company market cap: ₹5,016.96 crore (BSE)

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